【作者】 孙雅静；

【导师】 王仁祥；

【作者基本信息】 武汉理工大学 ， 国际贸易， 2003， 硕士

【摘要】 现代金融制度是通过直接性的金融市场与间接性的金融中介机构，利用一系列的复杂金融工具，将资金剩余方转移到短缺方的机制。传统经济学常常绕开制度去讨论金融风险和市场风险。但事实上，制度风险是真实存在的。本文从制度角度出发，分析了金融制度变迁风险产生的原因，描述了我国金融制度变迁的现状及其特征，在此基础上，提出建立较完善的金融制度创新的风险防范机制。 本文分为四个部分： 1．金融制度变迁与变迁风险。首先界定了制度与制度变迁的涵义，将制度视为影响社会经济发展的内生变量。随后阐述了制度变迁的两种模式的特点和各自的风险。，最后综合经济发展的进程，详尽地讨沦了金融制度变迁中的金融风险，即新制度的内在风险和制度变迁风险产生的原因，对我国金融安全的危害性。 2．中国金融制度变迁的历程及特征。由于我国选择的是强制性制度变迁，因此，有着与国际金融制度创新不同的发展进程，在对其发展历史进行分段描述后，提出了我国的金融制度变迁是一种具有渐进式的，依赖并滞后与经济制度特点的国家主导型制度变迁。 3．中国现行金融制度的缺陷及产生的风险。首先指出由于我国目前仅是初步建立了市场化金融制度，因而存在诸多的问题，具体包括金融组织制度的不合理；金融市场结构不平衡；主客体缺乏；市场功能扭曲；金融监管制度的不成熟，信用制度严重滞后等等，并对其进行了一一描述。最后总结我国的金融制度变迁风险可以分为制度变迁的内在风险、制度缺陷型风险和制度失效风险。 4．关于我国金融制度创新风险防范问题的几点思考。首先提出为金融制度创新创造良好的外部环境，即加强社会保障制度、金融风险预警系统，金融法律实施机制的建设。随后从宏观和微观角度设计了一套防范机制。宏观方面，针对金融法律，信用制度，组织体系，金融市场，金融监管制度等制度创新提出了具体的防范措施。最后从银行体系的风险内控机制和市场退出机制两个方面入手，从微观角度去对金融制度创新风险进行控制。更多还原

【Abstract】 Modern financial institutional innovation is a mechanism that transfers capital from surplus to deficit by direct financial market and indirect financial mediation using a series of economic financial instruments. The classical economists always discuss financial risk and market risk without institution. In fact, there is always institutional risk. This paper analyses the reason why institutional innovation brings risk, distresses international and national current situations, On the base of it, the article presents several suggestions the establish the risk aversion mechanism of financial institutional innovation.This article includes four parts:1. Institution, institutional innovation economic growth. Firstly, it circumscribes the implication and function of institutional arrangement. Then, in this paper, it takes the institution as internal variable when we analyze the development of economy and the fundamental reason. On the basis of introduction to induced institutional innovation and enforced institutional innovation, it shows the risk of financial institutional innovation. In the context, it would be interesting to introduce the relationship between financial safety and crisis from financial institutional arrangement and innovation aspects. Finally, with the description of economy development history, it also tests the risk of financial institutional innovation.2. Financial institutional innovation of China. The trail choice and analysis of the current situation. Because of the enforced innovation, China has the different history of financial institutional innovation. After describes the history, it analyses the characteristic of Chinese innovation. That is content, time lag, and enforced institutional innovation.3.The defaults and risk of the current financial system in China. It appears, in China, there are many problems that include: irrational financial organizational system, inequality market architecture, and absence of objects misuse of functional market, non-mature financial supervision and credit system.4. Some suggestion on the risk aversion of Chinese financial institutional innovation. Firstly it believes it’s important to give innovation good condition. It’s necessary to focus on improving social security, early warning system, and enforcement of financial legal. Then, it designs the risk aversion mechanismfrom macro and micro aspects. To macro, it is interesting to control risk by innovation of financial legal, credit system, organizational system financial market and monitoring. On the other hand, to micro, it suggests to manage the risk of financial institutional innovation it should establish the mechanism of internal risk aversion and go-out market.更多还原